JP Morgan bolsters advisory expertise

US bank is adopting similar strategy in asset management to Goldman Sachs

By

Mike Foster

Updated: May 1, 2011 3:44 pm GMT

JP Morgan Asset Management is hiring client advisers with a background in investment consulting to boost its institutional business in Europe.

The strategy matches that of Goldman Sachs Asset Management, which hired Paul Trickett, former head of Towers Watson's European practice, to run investor solutions. Similarly, Tim Gardener quit Mercer last year to build consultant relations for French insurer Axa.